Mergers and Acquisitions
Financial management revision article series
Mergers and acquisitions have become the popular ways to transfer management control in corporte concerns.
Some advocate acquisitions by stating that they encourage competition among managers. Inefficient managers are voted out by shareholders by selling their shares at higher prices to a more efficient corporate management through the takeover or acquisition.
Prasanna Chandra, Financial Management, 5th Ed., Tata McGraw Hill, 2001
Brealey and Myers, Corporate Finance, Fifth Edition, Prentice Hall India, 2001